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  1. Artful Chinalco still faces big problems in Rio deal

    Posted Mar 05th 2009, 12:00am by Tom Holland

    ... with Tom Holland Everyone agrees that Aluminum Corp of China's (Chinalco) proposed acquisition of an 18 per cent stake in Anglo-Australian mining giant Rio Tinto Group has been more ... and American jobs. The obstacles facing Chinalco are far less formidable. For one thing, Chinese state enterprises are hardly strangers in Australia. Beijing-controlled companies have been the biggest ...

  2. Chinalco unit makes rare earth find in Australia

    Posted Jan 07th 2011, 12:00am by Naomi Rovnick

    ... Naomi Rovnick Shares in Chinalco-backed copper and gold prospector China Yunnan Copper Australia roared up 73 per cent yesterday when the Sydney-listed exploration minnow announced it had ... of design work to see the best way to process it.' CYC's biggest shareholder, with a 21 per cent stake, is Chinalco subsidiary Chinalco Yunnan Copper. The aluminium giant owns 51 per cent ...

  3. Chinalco worst performer among state firms with 7.25b yuan loss

    Posted Aug 24th 2010, 12:00am by Eric Ng

    ... Eric Ng Chinalco, the parent of listed Aluminum Corp of China (Chalco), has been named the weakest-performing of 108 state-owned enterprises last year, although Chalco yesterday posted a profit for the first half of this year. Chinalco recorded a loss of 7.25 billion yuan (HK$8.29 billion) last year, ranking it below Sichuan province-based steel-maker Pangang Group's 1.64 ...

  4. Business - Commodities - ACQUISITIONS

    China Minmetals near US$5b deal to acquire Glencore copper mine in Peru

    Posted Feb 08th 2014, 05:12am by Bloomberg

    ... (Chinalco) abandoned its offer in November. Chinalco, which has a Hong Kong-listed unit that operates the US$3.5 billion Toromocho copper mine in Peru with annual output capacity of 300,000 tonnes, ... purchase of a stake in Rio Tinto Group completed by Chinalco in partnership with Alcoa in 2008. ...

  5. Chinalco and Rio Tinto to jointly develop giant Guinea ore reserve

    Posted Mar 20th 2010, 12:00am by Howard Winn

    ... Howard Winn Rio Tinto has signed a US$1.35 billion deal with the mainland's largest aluminium company, Chinalco, to develop the huge Simandou iron ore project in Guinea. Under the terms of a non-binding memorandum of understanding, Rio Tinto, which owns 95 per cent of the project, said it would transfer its holding into a joint venture with Chinalco, with the mainland ...

  6. Chinalco on radar as Rusal investor

    Posted Oct 09th 2009, 12:00am by Eric Ng, Howard Winn

    ... Eric Ng and Howard Winn Aluminum Corp of China (Chinalco), the mainland's largest aluminium producer, has emerged as a potential investor in debt-laden Russian rival Rusal, which has ... its US$16.8 billion debt burden. According to Russian business newspaper Vedomosti, Chinalco was a possible investor in Rusal. Spokesmen for Rusal, its listing sponsors Credit Suisse and BNP ...

  7. Chinalco stake deal with Rio faces collapse

    Posted Jun 05th 2009, 12:00am by Carol Chan, Denise Tsang

    ... Denise Tsang, Carol Chan and Maria Chan The biggest overseas deal in Chinese history, the US$19.5 billion tie-up between Aluminum Corp of China (Chinalco) and Rio Tinto, looked ... at GBP27.20 (HK$345.70). It dropped 6.56 per cent to A$66.90 (HK$418.29) in Sydney earlier. Chinalco Overseas Holdings president Wang Wenfu declined to comment late last night, but indicated ...

  8. In the end, Chinalco's deal with Rio Tinto foundered on pricing

    Posted Jun 06th 2009, 12:00am by Naomi Rovnick

    ... Naomi Rovnick The political backlash to Chinalco's audacious tilt at Australian diversified miner Rio Tinto got the most headlines. But as with any major deal, the biggest reason for Beijing's failure to get its hands on Rio's treasure trove of mining assets was the price. Before being jilted at the altar, Chinalco wanted an 18 per cent stake in Rio, two seats on its ...

  9. Chinalco retreats from plan to buy stake in Rusal

    Posted Oct 12th 2009, 12:00am by Howard Winn

    ... Howard Winn Aluminum Corp of China (Chinalco), the mainland's largest producer of the metal, does not intend to take a stake in Rusal if the Russian aluminium company proceeds ... is expected to offer 10 per cent of its stock, has reportedly been in talks with potential cornerstone investors Chinalco, sovereign wealth fund China Investment Corp and Singapore's Temasek ...

  10. Chinalco pays US$19.5b for bonds and mines to boost Rio Tinto stake

    Posted Feb 13th 2009, 12:00am by Carol Chan

    ... Carol Chan State-owned Aluminum Corp of China (Chinalco) has agreed to invest US$19.5 billion in debt-laden Rio Tinto Group, gaining access to global mining resources ... yesterday. The bonds, with a 60-year maturity and a coupon rate of 9 to 9.5 per cent if converted, will lift Chinalco's stake in the world's third-biggest miner to 18 per cent from ...




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